Companies identified exposure as the most important variable they consider when evaluating class action risk. Exposure ranked as 8.9 on a 1–10 scale of importance. Win probability, relevant case law and facts, and reputational impact also were ranked as important risk variables, but less significant than exposure. Defense cost is the least important variable when assessing class action risk, at a rating of 6.1 out of 10. These rankings reflect little change from the 2017 Carlton Fields Class Action Survey.
About Carlton Fields
- Class Action Survey: What do Corporate Counsel Predict as the “Next Wave” of Class Actions? Data Privacy and Security? TCPA? Antitrust? Wage and Hour?
- Class Action Survey: What Percentage of Companies Have Their Class Action Defense Costs Covered by Insurance?
- Class Action Survey: Did Class Action Defense Spending in 2018 Continue its Upward Trend?